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Stock impact report

Trump unveils maritime action plan as China dominates global shipbuilding [FOX News]

Huntington Ingalls Industries, Inc. (HII) 
Last huntington ingalls industries, inc. earnings: 2/13 07:15 am Check Earnings Report
US:NYSE Investor Relations: ir.huntingtoningalls.com
Company Research Source: FOX News
The Trump administration unveiled a sweeping maritime action plan Friday, aimed at reclaiming U.S. maritime dominance and reducing America's reliance on foreign-built and foreign-flagged ships that carry the vast majority of its international trade. Senior administration officials warned in a call with reporters that nearly 99% of U.S. international maritime trade moves on foreign-built, foreign-owned and foreign-flagged vessels, a dependence they described as a national and economic security vulnerability as global competition intensifies. "Roughly 50% of our trade moves through the maritime domain, and 99% of that moves on foreign-built, foreign-owned and foreign-flagged ships," one senior administration official said during a call with reporters. "That's the market we're trying to tap." The initiative, ordered by President Donald Trump in an April executive order, lays out what officials describe as the first comprehensive federal effort in decades to rebuild the nation's co Show less Read more
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